China and Canada reach a trade agreement to mutually reduce tariffs on electric vehicles and canola.

United Morning Post reports today: After Canadian Prime Minister Kan in Beijing met with Chinese officials, he announced that the two countries have reached a preliminary trade agreement to "exchange electric vehicles for rapeseed" by lowering tariffs.

Comment: China and Canada exchange electric vehicles for rapeseed, complementing each other. China opens the export channel for electric vehicles to North America, while Canada solves the problem of surplus rapeseed. This is a pragmatic loss mitigation after trade friction, and also a silent countermeasure against US unilateral protectionism.

Original article: toutiao.com/article/1854466420408452/

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